Ask Question
BusinessBusiness
5 August, 01:21

On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best describes the recording of this financial transaction by Imperial Distributors.

+3
Answers (1)
  1. 5 August, 03:09
    0
    A) Debit cash, credit accounts receivable

    Explanation:

    As the statement said, Zoono electronics made a payment which means they are debiting cash amount of $3,500 to imperial distributor who is a supplier. So the best statement that best describes the recording of this financial transaction by imperial distributor is their account receivable has been credited and cash is debited. All the other options are wrong except this.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Legal capital is best defined as a. the amount of capital the state of incorporation allows the company to accumulate a corporate form of business organization, legal capital is best defined as over its existence. b.
Answers (1)
The maximum tax rate on estates and gifts
Answers (1)
Elaine is upset with her group members because she wanted to lead the group but is not allowed to. She found that other group members are also finding it difficult to adjust in their roles.
Answers (1)
Public relations is mostly about talking and meeting with people. True False
Answers (2)
What is the value of the deadweight loss after the imposition of the ceiling? a. $50,000 b. $125,000 c. $175,000 d. $260,000?
Answers (1)
New Questions in Business
According to the specifications that a customer gave to a manufacturer, the length of a shoe should not deviate from the correct size by more than 1 mm. In the manufacturing process, the standard deviation of this length is 0.
Answers (1)
Baylee is driving her friend sarah to the movies. baylee loses control of the car and crashes into a fence. the vehicle's airbags deploy, and both sarah and baylee are shaken up but not physically injured.
Answers (1)
What identifies data outside of a normal condition?
Answers (1)
All of the following are examples of facility level costs except: Select one: a. Costs of cleaning the workplace. b. Costs of custodial work. c. Costs of personnel support. d. Costs of receiving shipments. e. Costs of providing electricity.
Answers (1)
The law of supply states that a. as prices rise, so will supply and vice versa. b. as prices fall, supply will rise and vice versa. c. as prices rise, supply will fall and vice versa. d. as prices rise, supply will stabilize and vice versa.
Answers (1)
Home » Business » On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best describes the recording of this financial transaction by Imperial Distributors.
Sign Up Forgot Password?